[ad_2][ad_1] The trade in physical goods has historically been a cumbersome process that required mountains of documents, including letters of credit, invoices and inspection certificates. VAKT is using a blockchain platform to circumvent documents and offer a safer way to complete a commodity trade. Above all, the technology will reduce …
Read More »Brent crude salt but is set for the first annual decline since 2015
[ad_1] Pumpjacks are seen against the setting sun in the Daqing oil field in Heilongjiang Thomson Reuters By Julia Payne LONDON (Reuters) – Oil prices rose by around 2% on the last day of the year, reflecting gains in equity markets, but were on track for the first annual decline …
Read More »Shell & BP now sell crude oil on the Blockchain
[ad_2][ad_1] Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve commercial and regulatory inefficiencies. Shell & BP Hope Blockchain will solve inefficiencies Vakt is the first on the market of several pilot projects that have been under development, such as Bitcoinist …
Read More »The Blockchain platform for crude traders becomes active
[ad_2][ad_1] Sergio Chapa, Houston Chronicle updated 7:17 CST, Friday, November 30, 2018 A Paragon offshore rig operates in the North Sea. Vakt, based in London, launched its digital trading platform at the beginning of Thursday morning, for now focused on the North Sea oil contracts. A Paragon offshore rig operates …
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